ACWA Power has signed an implementation agreement in relation to a 1500MW wind project in Uzbekistan, the country’s largest project of its kind.
ACWA Power signed the agreement with the Ministry of Investments & Foreign Trade and the Ministry of Energy of Uzbekistan for the development, construction and operation of the wind farm in Karakalpakstan.
Once operational, the project will become the largest wind farm in the Central Asian region, and one of the largest onshore wind farms in the world.
The agreement was signed on behalf of ACWA Power by Ayad AlAmri, executive general manager of business development, and on behalf of the Uzbekistani side by Sherzod Khodjaev, Deputy Minister at the Uzbekistan Ministry of Energy, and Shukhrat Vafaev, Deputy Minister of Investment and Foreign Trade.
Mohammad Abunayyan, Chairman of ACWA Power, Yazeed Al Humaid, Director of local investment at the Public Investment Fund, and Saudi and Uzbekistani officials attended the signing ceremony.
The signing follows the signing of PPAs and investment agreements for two wind power projects in Bukhara and Navoi, concluded earlier this year with an aggregate power generation capacity of 1GW.
“We value our partnership with ACWA Power and welcome this expansion, which will be the largest facility of its kind in the Central Asian region once commissioned.
“This project will contribute to the implementation of our national renewable energy target of bringing the total renewable power generation capacity to 25% by 2030,” said Umurzakov.